Purposefully Tanking The Economy?

Discussion in 'Current Events' started by Annie, Feb 12, 2009.

  1. Annie
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    Annie Diamond Member

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    Anyone else hear of this?

    Capitalism Gone Wild: Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawls - US Economy Would Have Collapsed

    More here.
     
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  2. michiganFats
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    michiganFats BANNED

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    First I've heard of it. If that's true, they need to find the parties responsible and do nasty things to them. On a side note, didn't Obama break a single day Internet fund-raising record about that time?:eusa_whistle:
     
  3. midcan5
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    midcan5 liberal / progressive

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    Yes, he mentioned that in a cspan Washington Journal interview some time ago. We in Pennsylvania have had some really good, down to earth, rational politicians, Casey, Ridge, Specter, Rendell, and he, are all sensible people in a world of nonsense (and that idiot Santorum is gone). Economic and personal fears create a herd mentality that unfettered leads to any number of disasters.


    http://www.economics.harvard.edu/faculty/rogoff/files/Banking_Crises.pdf
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    OK, someone with lots of money in the US Banking System tried to get a lot of it out. Now who could that possibly be? Not US labor unions. Their money has been depleted just like every other institution here. Not people with 401-Ks. They could not all act in concert. Hmmmmm.......... Well, who does have that much money here? Some of our very rich? I don't think Warren Buffet and Bill Gates could have done it, not enough between them. So who?

    To whom do we owe the most? And who has funded attacks on us in the past? What group of nations would like to see us go down? This has the fingerprints of Saudi Arabia all over it. Members of the Saud Royal family funded 9-11, and still fund Bin Laden. They own vast amounts of our economy, but unlike China, are not that dependent on us for income. Everybody else uses oil, also.

    So essentially, we had a second attack on this nation in September of 2008. One that damn near succeeded, and would have wreaked far more lasting damage than 9-11. So now we feel the result of failing to get Bin Laden. Two very damaging attacks on our nation during Bush's two terms. Once again, miserable failure.
     
  5. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Sure thing, blame it on Bush. I believe the Government can and does have the ability to pin point who withdrew money especially in large amounts. So ask your Democratic Congress to investigate and prove your claim. Or you could just quit blaming Bush cause you got wet today when it rained.
     
  6. Annie
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    Annie Diamond Member

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    Actually George Soros comes to mind.
     
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  7. Ravi
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    Ravi Diamond Member

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    oooh....my tinfoil hat is too tight!
     
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  8. Old Rocks
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    Old Rocks Diamond Member

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    Well, it's all over the right wing blogosphere. So there will inevitebly be either denials, or an investigation. As for blaming George Bush, the flagrant spending of money we did not have for things that did not help our nation was the hallmark of his Presidency. That left us in an economically vulneble position. A position that Paul Krugman and others repeatedly warned us about. Were we in the position that we were in 2000, we could have shut that operation down, and taken care of it's perpetrators. As is, if they still hold economic leverage over us, and I would bet that they do, we will just try to keep it as quiet as possible to stem further damage.

    Going to be a very interesting years, 2009.
     
  9. toomuchtime_
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    toomuchtime_ Gold Member

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    I've got to agree with you here. These are bank accounts we're talking about as near as I can see, who would keep that kind of money in bank accounts? If you have trillions of dollars you wanted to keep in the US, even if you wanted to keep it very liquid, you would put it in Treasuries and collect interest on it, not leave it lying in bank accounts.

    How old is Kanjorski? Has he displayed any other kinds of unusual behavior?
     
  10. Valerie
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    Valerie Gold Member

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    It is scary when you really think about the possibilities, but I don't think the world wants to collapse the economy that has been the engine driving the world economy.

    No doubt there are powers that be who would like to see our ultimate destruction, but rational minds know that destruction is not progress.
    American Thinker: Shadow World: Resurgent Russia, The Global New Left, and Radical Islam


    It is in the world's best interest that the US economy thrives:

     
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    Last edited: Feb 12, 2009

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